Adjusting Entries The following are several transactions of Ardery Company that occurred during the current year and were recorded in permanent (that is, balance sheet) accounts unless indicated otherwise, Dotte Transaction Apr.1 Purchased a delivery van for $10,000, paying $1.000 down, and issuing a 1year, 12% note payable for the $9,000 balance. It is estimated that the van has a 4 year life and an $800 residual value; the company uses stroigh line depreciation. The interest on the note will be paid on the maturity date. May 15 Purchased $830 of office supplies. June 2 Purchased a 2-year comprehensive insurance policy for $960. Aug 1 Received 6 months' rent in advance at $260 per month and recorded the $1,560 receipt as Rent Revenue. Sept 15 Advanced $600 to sales personnel to cover their future travel costs Now 1 Accepted a $6,000, 6-month, 12% (annual rate) note receivable from a customer, the interest to be collected when the note is collected The following information also is available: 1. On January 1, the Office Supplies account had a $250 balance. On December 31. an inventory count showed $190 of office supplies on hand